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Caribbean Casino and Gaming Corp (CGAQ) Announces the Bidding for the Race Track Is to Be in December 2011

MIAMI, FL, Oct 26, 2011 (MARKETWIRE via COMTEX) -- Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ). We have been informed that other potential bidders were eliminated for various reasons. CGAQ feels fairly confident that we can prevail; however, nothing is guaranteed.

The kiosk project is moving as fast as possible; we have discovered a second manufacturer and have advanced money to build another prototype that we think will give us a tremendous edge in the marketplace. While working with numerous buyers, we will be able to retail slots for around $6,900 USD, at least $3,000 USD to $8,000 USD under current new equipment. They will be shipped broken down, and reassembled in the Dominican Republic, saving import taxes, and freight costs.


i am a little confused here with the pr. first, how can other potential bidders have been eliminated, when in fact, the track has yet to be placed for public bid, especially when the recent letter indicates that the State has yet to decide if they are even willing to place Hippo for bid process. secondly, cgaq pr mentions that the company has employed a second kiosk manufacturer that is providing koisks. (interesting that this company has not been revealed). but cgaq in recent pr stated that company will be represented by joint partner ggl labs in london jan 23...let's see, cgaq has a relationship with an unannounced new kiosk mfr, but will be represented in london by ggl labs who we are not ordering any kiosks from....??????.... i will email mark at ggl labs to see if he will confirm any "london" relationship.